COEUR D’ALENE, IDAHO–(Marketwired – Feb. 17, 2017) –Timberline Resources Corporation (OTCQB:TLRS)(TSX VENTURE:TBR) (“Timberline” or the “Company”) has received conditional approval from the Toronto Venture Exchange for its private placement and has closed the first tranche of the previously announced non-brokered private placement (the “Offering”) by issuing 1,945,000 units (“Units”) for a total of US$486,250. A second tranche is expected to close by the end of February.

COEUR D’ALENE, IDAHO–(Marketwired – Feb. 17, 2017) –Timberline Resources Corporation (OTCQB:TLRS)(TSX VENTURE:TBR) (“Timberline” or the “Company”) has received conditional approval from the Toronto Venture Exchange for its private placement and has closed the first tranche of the previously announced non-brokered private placement (the “Offering”) by issuing 1,945,000 units (“Units”) for a total of US$486,250. A second tranche is expected to close by the end of February.